Property Overview: 62 Lou Peltier Crescent
Key Characteristics & Appeal
This 1,732 sqft home, built in 2010, presents a compelling mix of modern convenience and relative value. Its primary appeal lies in its above-average living space for both the Meadows area and Winnipeg overall, offering more room than many comparable homes citywide. The 2010 build date means it is newer than most homes in its immediate vicinity and across the city, suggesting modern construction standards and potentially lower immediate maintenance costs.
A thoughtful perspective is its positioning within the market. While the home's assessed value is notably lower than others on its own street, it stands above average for the wider neighbourhood and city. This could indicate an opportunity for value-conscious buyers seeking a well-sized, newer home in a established area, without paying a premium for a specific lot position. The land area is smaller than most on the crescent, which may appeal to those seeking a manageable yard with less upkeep. This property would suit first-time buyers or growing families looking for a move-in ready, modern home with generous interior space, and it may particularly attract buyers who prioritize the home's condition and floor plan over having the largest lot on the block.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is below the average for Lou Peltier Crescent itself, but ranks above average for the larger Meadows neighbourhood and the city of Winnipeg. This suggests it may offer more home for your money compared to the immediate area.
2. What does the 2010 build year mean for a buyer?
Built 16 years ago, this home is newer than approximately 90% of homes in Winnipeg. Buyers can expect contemporary building codes, materials, and systems, which often translates to fewer major renovations in the near term compared to an older property.
3. Is the lot size a significant drawback?
The land area is the smallest on Lou Peltier Crescent. For buyers who prefer low-maintenance outdoor space or prioritize indoor living area, this is a reasonable trade-off. For those wanting extensive gardens or large outdoor recreation space, it may be a limitation.
4. What can the 2020 sale price range tell me?
The previous sale in the $400k-$450k range provides a market benchmark from five years ago. It’s a useful data point for understanding historical value, but current market conditions will determine today’s price.
5. How accurate are the "top percentile" rankings provided?
These rankings are a data-driven snapshot comparing this home to specific groups of "comparable homes" on the street, in the neighbourhood, and citywide. They are useful for understanding relative standing in terms of size, value, and age, but should be one part of a broader evaluation including a physical viewing and current market appraisal.